2010 Pennsylvania Code
Title 20 - DECEDENTS, ESTATES AND FIDUCIARIES
Chapter 73 - Municipalities Investments
7306 - Obligations of governmental organizations existing pursuant to the laws of Pennsylvania, other states and the District of Columbia.

     § 7306.  Obligations of governmental organizations existing
                pursuant to the laws of Pennsylvania, other states
                and
                the District of Columbia.
        Obligations of any authority, commission or similar
     governmental organization existing pursuant to the laws of this
     Commonwealth or the laws of any other state or of the District
     of Columbia shall be authorized investments if purchased or
     retained in the exercise of that degree of judgment and care,
     under circumstances then prevailing, which men of prudence,
     discretion and intelligence exercise in the management of their
     own affairs, not in regard to speculation but in regard to the
     permanent disposition of their funds, considering the probable
     income to be derived therefrom as well as the probable safety of
     their capital. The authorization to make and retain investments
     pursuant to this section shall be in addition to, and
     independent of, authorizations to make investments pursuant to
     other provisions of this chapter and requirements applicable
     under other provisions of this chapter shall not affect
     investments also authorized by this section.
     (Dec. 10, 1974, P.L.867, No.293, eff. imd.)